A little more than three weeks since it acquired three hotels in Germany, HPI Hotelbesitz GmbH has purchased a hotel in the Czech Republic.

The Frankfurt-based group has bought the freehold of the ibis Praha Karlin, in Prague, for an undisclosed sum. HPI intends to renovate the 226-room hotel to bring it in line with the brand standards of its sister company, Pentahotels.

The hotel will be rebranded later this year when the work is complete but in the meantime Accor's ibis brand will continue to manage the property.

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